Civic Intelligence

The Stadium Club Inc

EIN 75-2883207 • 501(c)7 • Dallas, TX

Profile

Social club located in the football stadium of southern methodist university campus.

PO Box 750216Dallas, TX 75275-0216
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2015

Net Margin

100th percentile

2540%

Higher net margin than 100% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2015

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2015

Asset Growth

5th percentile

-100%

Faster asset growth than 5% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Assets

Down

$0

Down $457,890 (-100%) from 2014

Liabilities

Down

$0

Down $5,200 (-100%) from 2014

Net Assets

Down

$0

Down $452,690 (-100%) from 2014

Revenue

Down

-$13,507

Down $330,835 (-104%) from 2014

Expenses

Up

$329,619

Up $159,295 (+94%) from 2014

Net Income

Down

-$343,126

Down $490,130 (-333%) from 2014

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2010: $394,419Liabilities 2010: $323,359Net Assets 2010: $71,0602010Assets 2011: $496,603Liabilities 2011: $425,833Net Assets 2011: $70,7702011Assets 2012: $527,775Liabilities 2012: $456,106Net Assets 2012: $71,6692012Assets 2013: $644,966Liabilities 2013: $339,280Net Assets 2013: $305,6862013Assets 2014: $457,890Liabilities 2014: $5,200Net Assets 2014: $452,6902014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2015

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200K-$400KRevenue 2010: $262,929Expenses 2010: $262,347Net Income 2010: $5822010Revenue 2011: $285,124Expenses 2011: $285,414Net Income 2011: -$2902011Expenses 2012: $294,3502012Revenue 2013: $352,259Expenses 2013: $118,242Net Income 2013: $234,0172013Revenue 2014: $317,328Expenses 2014: $170,324Net Income 2014: $147,0042014Revenue 2015: -$13,507Expenses 2015: $329,619Net Income 2015: -$343,1262015

Highlighted filing

2015

Revenue-$13,507
Expenses$329,619
Net Income-$343,126

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Mar 29, 2016
Return Version
2014v6.0
Gross Receipts
$8,298
Mission and Program Overview

Mission

Social club located in the football stadium of southern methodist university campus.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$387,723--
Land, Buildings, and Equipment, Net$48,028--
Inventories for Sale or Use$21,805--
Accounts Receivable$334--
Total Assets$457,890$0▼ $457,890
Liabilities
Accounts Payable and Accrued Expenses$5,200--
Total Liabilities$5,200$0▼ $5,200
Net Assets / Fund Balance
Unrestricted Net Assets$452,690--
Total Net Assets Fund Balance$452,690$0▼ $452,690
Total Liabilities and Net Assets / Fund Balance$457,890$0▼ $457,890
Compensation and Service Providers

Board Members and Trustees

NameTitle
Darrell M LafittePresident
David FairSecretary
Hugh KingVP & Treasur
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$15
Other Revenue
$-13,522
Change in Net Assets
$-343,126
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$329,619
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$313
Fees for Services Other---$300
Other Expenses---$6
Total Functional Expenses$0$0$0$329,619
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The corporation was dissolved/liquidated in fy 2015 and therefore had no members at the end of the tax year.

Form 990, Page 6, Part VI, Line 7A

The corporation was dissolved/liquidated in fy 2015 and therefore had no members at the end of the tax year.

Form 990, Page 6, Part VI, Line 11B

An electronic copy of the completed form 990 is provided to the organization's governing body sufficiently in advance of the filing deadline for a detailed and conscientious review by all officers. All questions and concerns of the governing body are addressed and incorporated into the form 990 as required.

Form 990, Page 6, Part VI, Line 19

The club does not make its governing documents and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
The Stadium Club Inc
EIN
75-2883207
Phone
2147681601
Address
PO BOX 750216, DALLAS, TX 75275-0216

Signing Officer

Name
Hugh D King
Title
Vice President
Phone
2147681601
Signed
2016-03-29

Organization Details

Principal Officer
Darrell Lafitte
Formed
2000
Legal Domicile
TX
Voting Board Members
0
Independent Board Members
0
Employees
0
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 3

The organization dissolved/liquidated in fy 2015. A copy of the certificate of termination is attached to this form 990.

Form 990, Part XI, Line 9

See schedule n - part iii statement 109,564 the organization dissolved/terminated during fy 2015. All assets and liabilities at the date of the liquidation were distributed/transferred to southern methodist university, the supported organization. See schedule n, part iii for details on the transfer.

Form 990, Part XII

The financial statements for stadium club inc. Were included in the audited consolidated financial statements for southern methodist university. The audit committee for southern methodist university, the supported organization, is responsible for reviewing the consolidated audited financial statements and accompanying footnotes which include stadium club inc. During the audit committee meeting, the committee members are given an opportunity to ask questions of management and the audit firm. Significant transactions are highlighted in the executive summary.

Financial Statement Notes

Schedule D, Page 3, Part X

The consolidated financial statements for southern methodist university and supporting organizations included the following footnote: the university complies with the requirements of asc 740, income taxes, which prescribes a recognition threshold and measurement requirements for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. In addition, asc 740 provides guidance on recognition, classification, and accounting in interim periods and disclosure requirements for uncertain tax provisions. The university and its controlled corporations do not have any uncertain tax positions and therefore have recorded no liability or benefit for such positions for the years ended may 31, 2015 and 2014.

Raw XML Appendix263 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CONSOLIDATED FINANCIAL STATEMENTS FOR SOUTHERN METHODIST UNIVERSITY AND SUPPORTING ORGANIZATIONS INCLUDED THE FOLLOWING FOOTNOTE: THE UNIVERSITY COMPLIES WITH THE REQUIREMENTS OF ASC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IN ADDITION, ASC 740 PROVIDES GUIDANCE ON RECOGNITION, CLASSIFICATION, AND ACCOUNTING IN INTERIM PERIODS AND DISCLOSURE REQUIREMENTS FOR UNCERTAIN TAX PROVISIONS. THE UNIVERSITY AND ITS CONTROLLED CORPORATIONS DO NOT HAVE ANY UNCERTAIN TAX POSITIONS AND THEREFORE HAVE RECORDED NO LIABILITY OR BENEFIT FOR SUCH POSITIONS FOR THE YEARS ENDED MAY 31, 2015 AND 2014.
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0ALL ASSETS AND LIABILITIES AT THE DATE OF THE LIQUIDATION WERE DISTRIBUTED/TRANSFERRED TO SOUTHERN METHODIST UNIVERSITY, THE SUPPORTED ORGANIZATION, FOR NO CONSIDERATION. CASH 66,736 FIXED ASSETS (NET OF DEPRECIATION) 48,028 ACCOUNTS PAYABLE (5,200) =================== ======== NET ASSETS TRANSFERRED 109,564
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DISSOLVED/LIQUIDATED IN FY 2015. A COPY OF THE CERTIFICATE OF TERMINATION IS ATTACHED TO THIS FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION WAS DISSOLVED/LIQUIDATED IN FY 2015 AND THEREFORE HAD NO MEMBERS AT THE END OF THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CORPORATION WAS DISSOLVED/LIQUIDATED IN FY 2015 AND THEREFORE HAD NO MEMBERS AT THE END OF THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN ELECTRONIC COPY OF THE COMPLETED FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE FOR A DETAILED AND CONSCIENTIOUS REVIEW BY ALL OFFICERS. ALL QUESTIONS AND CONCERNS OF THE GOVERNING BODY ARE ADDRESSED AND INCORPORATED INTO THE FORM 990 AS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CLUB DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SEE SCHEDULE N - PART III STATEMENT 109,564 THE ORGANIZATION DISSOLVED/TERMINATED DURING FY 2015. ALL ASSETS AND LIABILITIES AT THE DATE OF THE LIQUIDATION WERE DISTRIBUTED/TRANSFERRED TO SOUTHERN METHODIST UNIVERSITY, THE SUPPORTED ORGANIZATION. SEE SCHEDULE N, PART III FOR DETAILS ON THE TRANSFER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FINANCIAL STATEMENTS FOR STADIUM CLUB INC. WERE INCLUDED IN THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR SOUTHERN METHODIST UNIVERSITY. THE AUDIT COMMITTEE FOR SOUTHERN METHODIST UNIVERSITY, THE SUPPORTED ORGANIZATION, IS RESPONSIBLE FOR REVIEWING THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS AND ACCOMPANYING FOOTNOTES WHICH INCLUDE STADIUM CLUB INC. DURING THE AUDIT COMMITTEE MEETING, THE COMMITTEE MEMBERS ARE GIVEN AN OPPORTUNITY TO ASK QUESTIONS OF MANAGEMENT AND THE AUDIT FIRM. SIGNIFICANT TRANSACTIONS ARE HIGHLIGHTED IN THE EXECUTIVE SUMMARY.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII
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ReturnHeader/BuildTS02016-08-17 19:52:53Z
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ReturnHeader/TaxYr02014

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